Investment objective & strategy
As of Jan. 28, 2026 · prospectusObjective. Thrivent Small-Mid Cap Equity ETF (the "Fund") seeks long-term capital growth. The Funds investment objective may be changed without shareholder approval.
Strategy. Under normal circumstances, the Fund invests at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in equity securities of small and mid-sized companies that are listed or traded on a national securities exchange. Under normal market conditions, the Fund invests primarily in companies that have market capitalizations within the range of those companies included in widely known small- and mid-cap indices, such as the Russell 2500 Index, S&P MidCap 400 Index, S&P SmallCap 600 Index, or the small- to mid-sized company market capitalization classifications published by Morningstar or Lipper. The Fund defines small- to mid-cap companies as those with market capitalizations at or below the market capitalization of the largest company represented in … Under normal circumstances, the Fund invests at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in equity securities of small and mid-sized companies that are listed or traded on a national securities exchange. Under normal market conditions, the Fund invests primarily in companies that have market capitalizations within the range of those companies included in widely known small- and mid-cap indices, such as the Russell 2500 Index, S&P MidCap 400 Index, S&P SmallCap 600 Index, or the small- to mid-sized company market capitalization classifications published by Morningstar or Lipper. The Fund defines small- to mid-cap companies as those with market capitalizations at or below the market capitalization of the largest company represented in either or both of the Russell 2500 Index (approximately $44.2 billion as of November 30, 2025) or the S&P MidCap 400 Index (approximately $34.5 billion as of November 30, 2025). The Funds 80% policy may be changed by the Funds Trustees without a shareholder vote upon at least 60 days prior notice of the change. Thrivent Asset Management, LLC (Thrivent Asset Mgt. or the Adviser) uses fundamental and other investment research techniques to look for small- to mid-sized companies that, in its opinion, have strong growth prospects, are in an industry with a positive economic outlook, have high-quality management, and/or have a strong financial position. The Fund is an actively managed exchange traded fund (ETF) and does not seek to replicate the performance of a specified index.
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| MODINE MFG CO | — | $30.48M | 3.54% |
| BEL FUSE INC NV CL B | — | $29.11M | 3.38% |
| COHERENT CORP | — | $24.04M | 2.79% |
| LIMBACH HOLDINGS INC | — | $22.89M | 2.66% |
| TURNING POINT BRANDS INC | — | $22.74M | 2.64% |
| ELEMENT SOLUTIONS INC | — | $22.50M | 2.62% |
| CECO ENVIRONMNTL | — | $20.95M | 2.43% |
| FTAI AVIATION LTD | — | $20.76M | 2.41% |
| LITTELFUSE INC | — | $20.59M | 2.39% |
| SHARKNINJA INC | — | $20.41M | 2.37% |
Portfolio moves
Dec 31, 2025 → Mar 31, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| THRIVENT SMALL CAP GROWTH PORTFOLIO | 19% | 0.94% |
| THRIVENT SMALL CAP GROWTH FUND · TSCGX | 17% | 0.95% |
| GRANDEUR PEAK US STALWARTS FUND · GUSYX | 16% | 0.90% |
Advisers
| Firm | Role |
|---|---|
| Thrivent Asset Management, LLC | Adviser |
Footnotes
- Expense ratio as of January 28, 2026, from the fund's prospectus.
- Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. As reported in the fund's prospectus performance bar chart.
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